Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10925 Newport Hwy Spokane, WA 99218

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Spokane retail space, multiple units available.

    Lot size:
    13,265 SF

    Property Features for 10925 Newport Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,265 SF
    Total Rate
    22108.33

    Spaces For Lease

    at 10925 Newport Hwy, Spokane, WA 99218 Contact us
    Unit Suite B

    $20 /Mo

    Size
    1,815 SF
    Contact us

    We can help!

    Listing Contact
    Chad Carper
    Chad Carper

    Listing Agent: Chad Carper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pinewater Plaza, located at 10925 N Newport Hwy in Spokane, WA 99218, offers exceptional retail opportunities in Spokane County. This property features a total of 13,265 square feet of vacant space, ideal for multiple tenants. The flexible layout allows for units ranging from a minimum of 1,815 square feet to a maximum contiguous space of 6,800 square feet, catering to a variety of business needs. The property is classified as both retail and land, presenting a unique investment opportunity. The lot size ranges from 0.61 to 0.78 acres, providing ample space for outdoor activities or expansion. The property's location in Spokane offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving market. Currently, the entire 13,265 square feet is available for lease. This is a multi-tenant property, perfect for businesses seeking flexible space options. Interested parties should inquire about lease terms and conditions. The property is situated in Spokane County, Washington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Inland Northwest Ballet ... Training Center US Navy Enlisted ... Military Recruiting Office US Marine Corps ... Military Recruiting Office U.S. Army Spokane ... Military Recruiting Office Retro Donuts Bakery

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.39576
    Latitude
    47.7577098

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Spokane Washington Trust

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      601 1St Ave, Spokane, WA 99201
      View Details
    • $1,611 /Mo
      36,180 SF

      Adaptable Office Space in Spokane

      1,173 SF office space in central Spokane location.
      222 W Mission Ave, Spokane, WA 99201
      View Details
    • $1.00 SF/Yr
      43,200 SF

      High-Clearance Warehouse with Freeway Access

      Functional warehouse near I-90, suitable for various industrial uses.
      8579 W Westbow Blvd, Spokane, WA 99224
      View Details
    • $3,500 /Mo
      126,867 SF

      South Hill Retail Space Available

      Retail spaces for lease in high-traffic South Hill neighborhood.
      802 E 29Th Ave, Spokane, WA 99203
      View Details
    • $16 SF/Yr
      1,312 SF

      Spokane Retail/Office Leasing Opportunity

      Prime Spokane location with versatile retail and office space.
      915 E Hawthorne Rd, Spokane, WA 99218
      View Details
    • $1.25 SF/Yr
      7,500 SF

      New Construction Industrial Units Available

      New industrial units with mezzanine, ready March 2026.
      921 N Fiske St, Spokane, WA 99202
      View Details
    • Contact for pricing
      87,780 SF

      Hayford Business Park Leasable Space

      Developing business park with industrial, flex, and office spaces.
      2001 S Hayford Rd, Spokane, WA 99224
      View Details
    • $25 SF/Yr
      10,790 SF

      Hazelwood Square: Medical & Flex Space

      Modern multi-tenant complex; prime Spokane County location.
      10219 Sunset Hwy, Spokane, WA 99224
      View Details
    • $10 SF/Yr
      4,200 SF

      Riverside Ave Retail/Creative Space

      4,200 SF retail, creative office, or showroom space for lease.
      226 W Riverside Ave, Spokane, WA 99201
      View Details
    • Contact for pricing
      3,145 SF

      Spokane Restaurant Space Available

      Prime Spokane location, multiple suites.
      11402 Newport Hwy, Spokane, WA 99218
      View Details
    • Contact for pricing
      87,279 SF

      West Plains Logistics Industrial Space

      Class A industrial buildings for lease in Spokane, Washington.
      10115 West Hallett Rd, Spokane, WA 99223
      View Details
    • $480,000
      910 SF

      Freestanding Building Near Spokane College

      910 SF freestanding building with drive-thru and seating areas.
      1605 N Greene St, Spokane, WA 99202
      View Details

    FAQs

    What type of property is this?
    Land - Prime Spokane retail space, multiple units available.
    Where is this land located?
    The property is located at 10925 Newport Hwy Spokane, WA.
    What is the lease rate?
    The lease rate is $0.00-$20 SF/Yr.
    What are key features of this property?
    This property features: High-traffic Retro Donuts location.; Inland Northwest Ballet building available.; U.S. Army Corps of Engineers office space.
    (509) 991-2222 Call to check price and availability
    Request Owner's contact information
    10925 Newport Hwy Spokane, WA 99218
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10925 Newport Hwy
    Spokane, WA 99218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10925 Newport Hwy Spokane, WA 99218
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Carper
    Chad Carper
    Real Estate License ID: 4728
    (509) 991-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.